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121825 +12.25, pho i aint talkin to u anymore...
121950
122050
S&P now 122150 , + 9 ahhhhhhh
S&P hits 122300 + 7.50 from entry, heres the reason for my early cover, lol
Todd7: COVER
Todd7: before the bounce
Todd7: COVERRRRRRRRRRrr
30 seconds later...
jon_e_og: i should hold for lower we may hit 122400 now
jon_e_og: oh well
Todd7: man damn wow
Todd7: short again if you want
Todd7: lol
followed by...
Todd7: lol
Todd7: damn
Todd7: you shouldnt have covered
covered the second one + 4.25
covered 1 + 2 , + 4.5 on the other one :)
why do u not listen??? lol
UNCN OPTO VOXW SPSC
UNCN OPTO VOXW SPSC
UNCN OPTO VOXW SPSC
XLE, could this last move be the 5 wave? support 45.60 42.60, energy stocks have seen HUGE inflows in the last 2yrs, almost EVERYONE is bullish on energy and oil, short positions have been destroyed and forced to cover, is there anyone left to buy in the shorterm??? if it can roll over and break the 200dma watch out... but i wouldn't be betting against oil over the longterm
- Put/Call ratio in the front months of the XLE options is really high, and the opposite in the back months where calls are in play for the longterm oil play...
ameritrade izone blows... friday i try to cancel my stop/cover order 25 MINUTES before close, for the 2nd time in 2 wks they froze the order and locked me in to the position...now im stuck %200 short oil stocks over the weekend
the email convo is pretty good -
Comments:Im curious why, when I cancel orders they get frozen and then keep me stuck in a position(for the second time in the last 2 wks)... I tried to cancel my order 25 MINUTES before the close today and it is still stuck...
this is an ETF, this is not a pink sheet, what is going on? how am i going to use a brokerage who randomly locks me into positions and then doesnt even allow me to call customer service to fix the problem before FRIDAY CLOSE...
thanks again
*******
Dear Valued Izone Client,
Hi. We have to get an "out" from the market marker before the cancel is posted. It looks like it is frozen to you but in fact the order is waiting for the out from the market marker. If one continues to cancel the order, then the cancel orders back log waiting for an out on each cancel order. Hope that explanations helps. Have a good weekend.
Sincerely,
Client Services
Ameritrade Izone
Division of Ameritrade, Inc.
******
While the stop order was sitting it was edited and remained OPEN, then
I canceled the order ONCE 25 minutes before close, i dont see how a MM
on an ETF would hold the order for 25 minutes(it was the MM right?),
on top of that this is not the first time, i traded a NYSE stock last
wk and the same thing happened...
i dont see how this should be a problem, i place an order, i edit an
order, i cancel an order... please let me know what i can do to help
you guys execute and/or edit my orders within a few minutes, seconds
are great, but ill take minutes at this point...
im waiting for a response...
told u that sucka was going to the 200 dma or get close... haha, why didnt we but it ?????
thanks, wish i could get more leverage than 2 to 1 on an ETF though
200% SHORT XLE @ 48.26, looking for a breakdown of the energy stocks into close
%200 short XLE 48.26
TCOM niceee... u taking any off or still holding all??
VICI BSLM *IAUS* HQSM
VICI BSLM IAUS HQSM
not necessarily easier, just less BS and more solid/technically predictable movements and trends, plus with the leverage u can exploit small trends and just scalp for %15/%20 returns or swing trade for larger %100/%150 gains, but buying a 60k dollar contract w/ 500 bucks could create some serious debt if u get stuck and the market gaps hard agains u
You're also competing with program trading systems, the locals on the floor in chicago, ibanks etc, so at times liquidity doesnt mean much when the big programs kick in and send the market flying one way or another against your position....
AKC AMHI LFDG MICG
about 120 to 1 , 1/5 of a ~ $300k contract for $500 margin req.
so a 2.5 point moves is %25 profit/loss, at one point i was 5 points in the money but got greedy and didnt take my profits when i should and missed a %40/50 return
stop out/cover 124400 for + 2.5
S&Ps trades down to 122150
S&P breaking down ...122350 last
Short S&Ps 122650
IDSM WTER QMDT
PRVB KSWW CMPD SQUM
PRVB KSWW CMPD SQUM
pho, u happen to see what the S&P did after i got stopped out on Friday?
ya man, those swing trades can yield some HUGE moves, i may start trading for bigger moves, the shorterm is just to hard to fight the big $
out AHM 34.05(yesterday) and the rest 33.95 + .45 avg,
i particularly like gap between march and june...who wants to be able to buy or sell for 3 months anwyay ?
AHM just consolidating around that 33.95 number may try to sell some for + .50 a few cents higher
i think it was the I bank working the secondary that stepped in yesterday and a little this morning @ 33.50, then held it up just under the lows... if they can keep it up i would expect some of the massive short in this to begin to take profits as fundamentally it cant go much lower...but who knows
out the rest of my NWRE, small profit on it, AHM bouncing on the open 33.50 and 33.95 are the important numbers to watch
You can point to supposed marginal tax rates but I would suggest to you that the semi conductor revolution had a lot more to do with the so called Reagan economy than any tax cut
the major effect of lower tax rates is the freeing up of capital, for investment, hiring, spending etc., so the increase in productivity is only a piece of the %99 increase in tax revenue during the 80's, btw most of the increases in technological productivity were the byproducts of increased investment capital from corporations and individual investors and a more pro-business environment...
Would the trickle down theory have any proof it would be in jobs and those have been slow to develop.
%5 official unemployment? discouraged workers(which showed up in this months good numbers) and the govs' lil tricks aside, that's at historic lows, look at france %11 and Germany %13, plus this economy has been adding about 200k jobs a month for over a year now and even w/ some wage growth the productivity gains have kept inflation and the workers wage in "decent" condition
Had the tax % GDP simply been maintained there would be no deficits.
had the tax % remained the same u may not have seen that type of GDP growth, u cant get something out of nothing, and its all on the margins, but generally lower taxes offer a stimulus that has longterm effect both to gdp and the tax base,
i agree bush admin is horrible w/ spending as are most, the medicare bill and now this energy bill, lately both parties have been pork crazy and i put alot of blame in the congress, especially on this energy bill
jadfkjdaiofjewionfioewhn
I AM IN FAVOR OF LOWER TAX RATES and LESS GOVERNMENT OUTLAYS
lower tax rates = more economic growth = larger tax base = (you guessed it) more tax revenue
I am all about reducing gov. spending, but we're discussing taxes, and in many instances solid supply side tax cuts lead to higher revenue and less income evasion by upper brackets
if you challenge that claim then prove me wrong... facts not opinions, please
The whole premise is that the government will recieve higher revenues.
did you even read my last 3 or 4 posts? TAX REVENUES ARE UP DOUBLE DIGITS Y/Y SINCE 2003 TAX CUTS
and thats not the first time... i can repost them if you want